3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $175.00 short call and a strike $180.00 long call offers a potential 23.15% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $175.00 by expiration. The full premium credit of $0.94 would be kept by the premium seller. The risk of $4.06 would be incurred if the stock rose above the $180.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for 3M is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for 3M is bearish.
The RSI indicator is at 65.57 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for 3M
[$$] Boeing Taps GE Executive to Lead Aircraft Arm
Tue, 22 Nov 2016 05:05:42 GMT
[$$] Boeing Taps GE Executive to Lead Aircraft Arm
Tue, 22 Nov 2016 00:02:03 GMT
3M: Not Much To Gain From A Trump World
Mon, 21 Nov 2016 16:12:00 GMT
3M's stock leads Dow decliners after Goldman turned bearish
Mon, 21 Nov 2016 15:41:25 GMT
Top Analyst Upgrades and Downgrades: Abercrombie & Fitch, KBR, 3M, Netflix, Starbucks, HSBC and Many More
Mon, 21 Nov 2016 13:56:53 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook